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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?


To: Emile Vidrine who wrote (5066)1/30/2008 8:29:16 AM
From: Elroy  Read Replies (2) | Respond to of 20435
 
Hello,

You sell the stock and/or buy a stock based on the next closing price after you get the order in. So if you put in your order when the market is closed, you get the next trading day's closing price (eg, a weekend order gets Monday's close). If you put in your order when the market is open, you get that same day's closing price (a Monday 10am order also gets Monday's close).

There are some other rules, such as you must sell 100% of a holding (eg, you can't sell 10 shares out of your 13.26 shares of a given stock, you've got to sell either all or nothing), and for the buy side you can either specify a dollar amount to buy (eg, buy $20), or preferably a % of your available cash (eg, use 30% of the cash to buy 50% stock A and 70% of the cash to buy stock B). And you get two trade days per month, but on those days you can do as many trades as you want (eg, sell all 5 of my stocks, and put 30% of the cash in A, 30% in B, and 40% in C).

Good luck!



To: Emile Vidrine who wrote (5066)12/1/2008 10:37:05 AM
From: Taro  Respond to of 20435
 
IMPORTANT ANNOUNCEMENT:

NOW THAT ELROY HAS JUST SETTLED OVERSEAS, HE JUST BROKE THE FOLLOWING GREAT NEWS:
HE IS READY TO TAKE UP HIS PRISTINE WORK FOR YET ANOTHER ROUND!

THE NEXT KICK OFF WILL BE ON FRIDAY DEC 5TH. SO GET YOUR BETS IN NOW AND GET YOUR VALUATION ACCORDING TO MARKET CLOSE ON THAT DAY

Portfolio Rules:

1- The most recent competition (Round #8) started on May 5th and ended on Friday, Aug 15th, 2008, a total of 14 weeks.

We are now planning on kicking off the next game on Friday Dec 5th with a finishing line on March 20th.

Taro